Why is IFCI falling/rising?

As of 07-Aug, IFCI Ltd. is experiencing a decline in its stock price, currently at 54.60, which reflects a decrease of 0.98 or 1.76%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total drop of 5.8% during this period. In terms of returns, the stock has shown a significant decline of 29.54% over the past year, contrasting sharply with the broader market, which has only seen a decline of 1.34%. Additionally, the stock's performance today has underperformed its sector by 1.98%. Despite having a low debt-equity ratio and high cash reserves, the company faces challenges with weak long-term fundamental strength, as indicated by a low return on equity and negative growth in net sales and operating profit.
In the broader market context, IFCI's short-term performance has been notably worse than the benchmark, with a one-week return of -4.48% compared to the Sensex's -0.69%. The decline in investor participation, particularly from institutional investors who have reduced their stake, further exacerbates the stock's downward trend. The stock is also trading at a premium compared to its peers, which raises concerns about its valuation amidst poor long-term growth prospects. Overall, these factors contribute to a negative sentiment surrounding IFCI, leading to its current price decline.